negative
Japan’s economy contracts as weak consumption and exports drag Q3 performance
Japan’s economy posted a quarterly contraction in Q3 as weak private consumption, falling real wages and slowing export volumes pressured overall growth. Government data indicates that household spending remained subdued despite price stabilization in several categories, while manufacturers faced reduced overseas demand for electronics and autos. Economists say the combination of subdued wage growth and cautious business investment suggests the economy remains vulnerable to external shocks.
Policymakers are evaluating targeted support to stabilize consumption, though the Bank of Japan maintains its gradual approach to tightening.
Reuters• By Pooja Kumari
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negative
Japan’s economy contracts as weak consumption and exports drag Q3 performance
Japan’s economy posted a quarterly contraction in Q3 as weak private consumption, falling real wages and slowing export volumes pressured overall growth. Government data indicates that household spending remained subdued despite price stabilization in several categories, while manufacturers faced reduced overseas demand for electronics and autos. Economists say the combination of subdued wage growth and cautious business investment suggests the economy remains vulnerable to external shocks.
Policymakers are evaluating targeted support to stabilize consumption, though the Bank of Japan maintains its gradual approach to tightening.
Reuters• By Pooja Kumari
Explore:Mutual Fund Categories
1 min read
84 words
Japan’s Q3 GDP contracted as weak consumption and lower exports pressured overall economic performance.
Japan’s economy posted a quarterly contraction in Q3 as weak private consumption, falling real wages and slowing export volumes pressured overall growth. Government data indicates that household spending remained subdued despite price stabilization in several categories, while manufacturers faced reduced overseas demand for electronics and autos. Economists say the combination of subdued wage growth and cautious business investment suggests the economy remains vulnerable to external shocks.
Policymakers are evaluating targeted support to stabilize consumption, though the Bank of Japan maintains its gradual approach to tightening.
Japan’s economy posted a quarterly contraction in Q3 as weak private consumption, falling real wages and slowing export volumes pressured overall growth. Government data indicates that household spending remained subdued despite price stabilization in several categories, while manufacturers faced reduced overseas demand for electronics and autos. Economists say the combination of subdued wage growth and cautious business investment suggests the economy remains vulnerable to external shocks.
Policymakers are evaluating targeted support to stabilize consumption, though the Bank of Japan maintains its gradual approach to tightening.
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